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Inflation running above the Bank of England's 2% target appears to have become embedded in the British economy and risks getting further entrenched in wage negotiations early next year, BoE policymaker Catherine Mann said on Tuesday.
Bank of England policymaker Catherine Mann stated that inflation running above the BoE's 2% target appears to have become embedded in the British economy. She warned that this trend risks becoming further entrenched in wage negotiations early next year.